HMGT 322 PART 4

HMGTASSESSMENTNUMBER4.docx

Home >Social Science homework help >HMGT 322 PART 4

Questions

ANSWERS WITH INTEXT CITATIONS AND APA REFERENCES

1. Identify and describe your healthcare organization (e.g. hospital, physician organization, laboratory, other).

2. List at least five “Best financial practices” that you believe are important for your healthcare organizations to follow (One Best Practice per participant). Base your choice on your reading in this course and research.

3. Explain why each of these practices are important for your healthcare organizations given the current policy and regulatory environment.

YOU MUST ONLY USE THESE READINGS NO OUTSIDE SOURCES

READINGS

4. Healthcare Finance: An Introduction to Accounting and Financial Management

5. 3) Managerial Accounting (Saylor) Chapter 1.3: Key Finance and Accounting Personnel

6. https://saylordotorg.github.io/text_managerial-accounting/s05-03-key-finance-and-accounting-per.html

7. 4) Principles of Healthcare Reimbursement

8. "Health Care Payment Reform: Strengths and Weaknesses of 9 Methods for Provider Reimbursement"

9. http://piperreport.com/blog/2016/09/10/health-care-payment-reform-strengths-and-weaknesses-of-9-methods-for-provider-reimbursement/

10. 5) “Medicaid Delivery System and Payment Reform: A Guide to Key Terms and Concepts”

11. http://kff.org/medicaid/fact-sheet/medicaid-delivery-system-and-payment-reform-a-guide-to-key-terms-and-concepts/

12. 6) Forms of Business Organization

13. https://www.sba.gov/starting-business/choose-your-business-structure

14. 7) The Pros and Cons of Corporations, LLC, Partnerships and Sole Proprietorship

15. https://southcenters.osu.edu/sites/southc/files/site-library/site-documents/OCDC-formation/DBusinessStructures%2520the%2520Pros%2520and%2520Cons%2520Chart.pdf

16. 8) Major challenges confronting hospitals

17. https://www.ache.org/about-ache/news-and-awards/news-releases/top-issues-confronting-hospitals-in-2018

18. 9) Beginner's Guide to Financial Statements

Chapter 2: The Accounting Process

(PDF) http://lifa1.lyryx.com/textbooks/ANNAND_1/base2014/DauderisAnnand-IntroFinAcct-2014A.pdf

(HTML) http://lifa1.lyryx.com/open_introfa/

3) Introduction to Financial Accounting (Dauderis and Annand, 2014A)

Chapter 3:1 The Operating Cycle

(PDF) http://lifa1.lyryx.com/textbooks/ANNAND_1/base2014/DauderisAnnand-IntroFinAcct-2014A.pdf

(HTML) http://lifa1.lyryx.com/open_introfa/

Chapter 5.1 and 5.3: Cost Behavior and Contribution Margin (Managerial Accounting, Saylor)

https://saylordotorg.github.io/text_managerial-accounting/s09-01-cost-behavior-patterns.html

https://saylordotorg.github.io/text_managerial-accounting/s09-03-the-contribution-margin-income.html

3) Small Business Management in 21st Century (Saylor Academy, 2012)

Chapter 9.2: Financial Accounting Statements

https://saylordotorg.github.io/text_small-business-management-in-the-21st-century/s13-02-financial-accounting-statement.html

4) Managerial Accounting (Saylor)

Chapter 1.1: What is Managerial Accounting?

https://saylordotorg.github.io/text_managerial-accounting/s05-01-characteristics-of-managerial-.html

2) Cost-volume-profit relationship&break even analysis

You may want to look at the related articles (on the left) as well.

3) What Effect Does Operating Leverage Have on A Company’s Profits?

http://smallbusiness.chron.com/effect-operating-leverage-companys-profits-76791.html

4) “The Effect of Fee-for-Service and Capitation Reimbursement Models on Healthcare Reimbursement” by Mark Roller

https://www.linkedin.com/pulse/effect-fee-for-service-capitation-reimbursement-models-mark-roller

(PDF) http://lifa1.lyryx.com/textbooks/ANNAND_1/base2014/DauderisAnnand-IntroFinAcct-2014A.pdf

(HTML) http://lifa1.lyryx.com/open_introfa/

3) Understanding Asset Depreciation & Section 179 Deductions | Paychex

4) How to calculate depreciation on computer hardware: A cheat sheet https://www.techrepublic.com/article/how-to-calculate-depreciation-on-computer-hardware-the-smart-persons-guide/

5) Accounting for Computer Software Costs https://www.gma-cpa.com/blog/accounting-for-computer-software-costs

6) IRS Section 179 Section 179 Offers Physicians Huge Tax Savings (medicaldevicedepot.com)

2) Chapter 12: Financial Statement Analysis (Dauderis and Annand)

(PDF) http://lifa1.lyryx.com/textbooks/ANNAND_1/base2014/DauderisAnnand-IntroFinAcct-2014A.pdf

(HTML) http://lifa1.lyryx.com/open_introfa/

3) Chapter 13.3: Ratio Analysis (Managerial Accounting, Saylor)

https://saylordotorg.github.io/text_managerial-accounting/s17-03-ratio-analysis-of-financial-in.html

4) Critical Access Hospitals: 10 Key Indicators

5) “The role of non-financial performance measures in predicting hospital financial performance: the case of for-profit system hospitals.” (Abstract)

http://www.ncbi.nlm.nih.gov/pubmed/22372029

Healthcare Financial Management Association Article on Budgeting.

Healthcare Financial Management Association: The Next Generation of Budgeting for Healthcare

3) “The Importance of Understanding Capital Budgeting for Managers in Healthcare”

https://ncustudent.wordpress.com/2013/07/30/the-importance-of-understanding-capital-budgeting-for-managers-in-healthcare/